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3.30 Evening | Soup Dragon Big Cake and Second Cake Strategy
After the big cake pulled up from 65,000, it directly formed a long upper shadow, then retreated with increased volume. What does this indicate?
It's simple—there's heavy selling pressure above, and the rally looks more like distribution. The bulls' counterattack is clearly weak.
In the short term, this seems more like a "false recovery."
On the hourly chart, the rebound lacks volume, and the MACD remains below the zero line. The structure still clearly favors a bearish trend, and a retest is only a matter of time.
Chasing longs at this level, frankly, is just taking on the risk.
Looking at the news sentiment, overall it’s also bearish, with market mood continuously suppressed.
The market and sentiment together already give a unified signal: it's safer to follow the trend and short.
Trading strategy:
Big Cake: Look for short opportunities in the 67,800–68,300 range, targeting 66,500; if it breaks below, watch for 63,000.
Second Cake: Short in the 2,075–2,120 range, targeting 2,000; if it breaks below, watch for 1,950.
In one sentence: The rebound is not an opportunity; it’s a setup for you to get in and short. #BTC能否守住6.5万美元? #CLARITY法案或利空DeFi #TRUMP团队疑似抛售1606万美元代币 #LidoDAO提议2000万美元回购LDO $BTC $GT $ETH